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General Liability vs. Professional Liability: What’s the Difference?

Levelset

Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. The two most common liability insurance policies for contractors are general liability and professional liability. What are general liability and professional liability insurance?

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Defining Diligence & Scope of Work

Construction Business Owner

The errors and/or omissions related to engineering and architectural designs, land surveys, construction management and technical consulting are just a few of the areas where problems can lead to significant professional liability issues.

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Navigating Construction Cash Flow Challenges, Myths, And Facts

Contractor Bookkeeping

The driving force keeps your business engine running smoothly, covering all your liabilities. In the world of small businesses, positive cash flow is king. But what happens when outflow exceeds inflow? Cash flow problems ensue, threatening the survival and growth of your construction business.

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The role of Site Engineer & Project Engineer in a construction project

Construction Cost Estimating

Site engineers and project engineers frequently work in tandem on a job performing various things. Both play important role for major projects with equally significant liabilities. Site engineers have sound technical skills which can be applied for specific engineering aspects of the project.

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Beyond the Check-Engine Light

Construction Business Owner

By contrast, any delay in the process can subject contractors to delays, cost overruns and liability issues. To enable the many steps in a construction process to stay properly sequenced and on schedule, intricate vehicle timing is essential. This is an area in which robust telematics systems can provide a tremendous advantage.

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Professional liability insurance rates for architects and engineers expected to be stable in 2017

BD+C

Insurance premiums for architects and engineers professional liability stabilized in 2015 after three straight years of moderate increases. The survey of 14 insurance companies that write more than 75% of the architects and engineers liability (A&E) policies in the U.S.

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How Do You Find the Right Project Coverage?

Construction Business Owner

No matter whether it is designed to protect owners, architects, engineers or general contractors, the securing of project professional liability coverage can be complicated. Professional liability exposure exists for the construction period plus the applicable Statute of Repose, often meaning a total of 10 or more years.

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